topic Am I being greedy with Chase CLI? in Credit Card Applications

Am I being greedy with Chase CLI?

805orbust — Mon, 07 Feb 2022 23:46:14 GMT

Ok I know this is *probably* the wrong group of people to ask this but I'm whittling down my card portfolio and simplifying. Anything under $10k is going bye bye. This Chase Amazon has been at $1,000 for over 5 years. Got it smack in the middle of my rebuild. So I was gonna ask for a CLI on it and take the hard pull (I've got a few to spare), but then thought about it again. I hadnt apped for anything since 2017 *BUT* in Dec of 2020 I got a Freedom Flex, Penfed Gold, and NFCU Platinum. Then in Dec of 21 I got the Aspiration Zero, FNBO Evergreen, and a Chase Ink. That puts me at 6/24, plus I did a new car loan in October. Am I asking to get slapped by them? Thoughts?

Re: Am I being greedy with Chase CLI?

DJRobbieD — Tue, 08 Feb 2022 00:27:45 GMT

I've observed that the best way to grow your total credit line at Chase is to apply for new cards then reallocate CLs, as opposed to applying for CLIs. Since you're at 5/24 (the Ink doesn't count against you), that's off the table until January 2022.

I'd hold onto the Chase Amazon, reallocate some CL from your CFF if needed this year, then apply for another Chase card next year.

@805orbust wrote:
Ok I know this is *probably* the wrong group of people to ask this but I'm whittling down my card portfolio and simplifying. Anything under $10k is going bye bye. This Chase Amazon has been at $1,000 for over 5 years. Got it smack in the middle of my rebuild. So I was gonna ask for a CLI on it and take the hard pull (I've got a few to spare), but then thought about it again. I hadnt apped for anything since 2017 *BUT* in Dec of 2020 I got a Freedom Flex, Penfed Gold, and NFCU Platinum. Then in Dec of 21 I got the Aspiration Zero, FNBO Evergreen, and a Chase Ink. That puts me at 6/24, plus I did a new car loan in October. Am I asking to get slapped by them? Thoughts?

Re: Am I being greedy with Chase CLI?

Remedios — Tue, 08 Feb 2022 03:36:34 GMT

@805orbust wrote:
Ok I know this is *probably* the wrong group of people to ask this but I'm whittling down my card portfolio and simplifying. Anything under $10k is going bye bye. This Chase Amazon has been at $1,000 for over 5 years. Got it smack in the middle of my rebuild. So I was gonna ask for a CLI on it and take the hard pull (I've got a few to spare), but then thought about it again. I hadnt apped for anything since 2017 *BUT* in Dec of 2020 I got a Freedom Flex, Penfed Gold, and NFCU Platinum. Then in Dec of 21 I got the Aspiration Zero, FNBO Evergreen, and a Chase Ink. That puts me at 6/24, plus I did a new car loan in October. Am I asking to get slapped by them? Thoughts?

I don't think you're getting CLI.

You can garden, use card more, or make do with what you have but based on what you typed there, $500.00 would be a shocking surprise to me.

Re: Am I being greedy with Chase CLI?

805orbust — Tue, 08 Feb 2022 11:49:49 GMT

Ok great advice guys. I was headed for the increase button but then a little voice in my head started screaming. Very crazy that I'm over 5/24 after laying low for so long.

I think I'm done with Chase cards tbh. Unless there's something else on the business front in the future I'm good. Was hoping the Amazon card would be a keeper, but I could say goodbye at this point.

Re: Am I being greedy with Chase CLI?

DJRobbieD — Tue, 08 Feb 2022 15:50:53 GMT

@805orbust If you decide to close the Chase Amazon Prime card (be sure to reallocate its $1k CL to your CFF at the same time so you don't lose it), you can always apply for the Affinity FCU Cash Rewards Visa Signature card to keep the 5% rewards at Amazon.

@805orbust wrote:
Ok great advice guys. I was headed for the increase button but then a little voice in my head started screaming. Very crazy that I'm over 5/24 after laying low for so long.

I think I'm done with Chase cards tbh. Unless there's something else on the business front in the future I'm good. Was hoping the Amazon card would be a keeper, but I could say goodbye at this point.

Re: Am I being greedy with Chase CLI?

805orbust — Tue, 08 Feb 2022 17:56:09 GMT

@DJRobbieD GREAT friggin idea! Gonna go check them out!

Re: Am I being greedy with Chase CLI?

SouthJamaica — Wed, 09 Feb 2022 20:17:35 GMT

@805orbust wrote:
Ok I know this is *probably* the wrong group of people to ask this but I'm whittling down my card portfolio and simplifying. Anything under $10k is going bye bye. This Chase Amazon has been at $1,000 for over 5 years. Got it smack in the middle of my rebuild. So I was gonna ask for a CLI on it and take the hard pull (I've got a few to spare), but then thought about it again. I hadnt apped for anything since 2017 *BUT* in Dec of 2020 I got a Freedom Flex, Penfed Gold, and NFCU Platinum. Then in Dec of 21 I got the Aspiration Zero, FNBO Evergreen, and a Chase Ink. That puts me at 6/24, plus I did a new car loan in October. Am I asking to get slapped by them? Thoughts?

1. The 5/24 rule has nothing to do with CLI's.

2. There's nothing in what you have said that makes me think you should fear going ahead with a CLI application.

3. A good method for getting a CLI from Chase, and especially with that Amazon card, has been to put some heavy spend on it and hope for an auto CLI.

Re: Am I being greedy with Chase CLI?

FinStar — Wed, 09 Feb 2022 23:22:39 GMT

@SouthJamaica wrote:
@805orbust wrote:
Ok I know this is *probably* the wrong group of people to ask this but I'm whittling down my card portfolio and simplifying. Anything under $10k is going bye bye. This Chase Amazon has been at $1,000 for over 5 years. Got it smack in the middle of my rebuild. So I was gonna ask for a CLI on it and take the hard pull (I've got a few to spare), but then thought about it again. I hadnt apped for anything since 2017 *BUT* in Dec of 2020 I got a Freedom Flex, Penfed Gold, and NFCU Platinum. Then in Dec of 21 I got the Aspiration Zero, FNBO Evergreen, and a Chase Ink. That puts me at 6/24, plus I did a new car loan in October. Am I asking to get slapped by them? Thoughts?
1. The 5/24 rule has nothing to do with CLI's.
2. There's nothing in what you have said that makes me think you should fear going ahead with a CLI application.
3. A good method for getting a CLI from Chase, and especially with that Amazon card, has been to put some heavy spend on it and hope for an auto CLI.

Actually, more often than not, members have cited getting declined for a Chase CLI due to the 5/24 restriction. Plenty of DPs on that if you search around.

Re: Am I being greedy with Chase CLI?

805orbust — Sun, 13 Feb 2022 05:32:13 GMT

I could definitely muster heavy spend on that card, it's just annoying. Between Whole Foods and random things from Amazon it could happen. Iirc there may even be some offers for non-Amazon stuff in there. I mainly have it set as a preferred pmt method in my Prime account. They did issue an auto CLI on the Flex about 6 or 7 months in last summer, but I was spending about 3k a month on that. Definitely can't accomplish that with a $1000 limit. I've got about $300 in mp3's I've gotta buy right now 😂

Re: Am I being greedy with Chase CLI?

AverageJoesCredit — Sun, 13 Feb 2022 14:21:22 GMT

@805orbust wrote:
I could definitely muster heavy spend on that card, it's just annoying. Between Whole Foods and random things from Amazon it could happen. Iirc there may even be some offers for non-Amazon stuff in there. I mainly have it set as a preferred pmt method in my Prime account. They did issue an auto CLI on the Flex about 6 or 7 months in last summer, but I was spending about 3k a month on that. Definitely can't accomplish that with a $1000 limit. I've got about $300 in mp3's I've gotta buy right now 😂

$300 on a $1000 cc is easily doable and if you pif , not an issue

Re: Am I being greedy with Chase CLI?

SouthJamaica — Sun, 13 Feb 2022 14:55:33 GMT

@805orbust wrote:
I could definitely muster heavy spend on that card, it's just annoying. Between Whole Foods and random things from Amazon it could happen. Iirc there may even be some offers for non-Amazon stuff in there. I mainly have it set as a preferred pmt method in my Prime account. They did issue an auto CLI on the Flex about 6 or 7 months in last summer, but I was spending about 3k a month on that. Definitely can't accomplish that with a $1000 limit. I've got about $300 in mp3's I've gotta buy right now 😂

By heavy spend I just meant heavy in proportion to the limit.

Re: Am I being greedy with Chase CLI?

805orbust — Mon, 14 Feb 2022 04:29:33 GMT

@SouthJamaica wrote:
@805orbust wrote:
I could definitely muster heavy spend on that card, it's just annoying. Between Whole Foods and random things from Amazon it could happen. Iirc there may even be some offers for non-Amazon stuff in there. I mainly have it set as a preferred pmt method in my Prime account. They did issue an auto CLI on the Flex about 6 or 7 months in last summer, but I was spending about 3k a month on that. Definitely can't accomplish that with a $1000 limit. I've got about $300 in mp3's I've gotta buy right now 😂
By heavy spend I just meant heavy in proportion to the limit.

Right. Makes perfect sense @SouthJamaica and @AverageJoesCredit . Never occurred to me. As long as I don't have to do the whole "making multiple payments per month" thing I'm good. I can hardly keep up with the sheer number of cards, that would just be asking for trouble.... not to mention more Grey hair.

Re: Am I being greedy with Chase CLI?

SouthJamaica — Mon, 14 Feb 2022 14:25:06 GMT

@805orbust wrote:
@SouthJamaica wrote:
@805orbust wrote:
I could definitely muster heavy spend on that card, it's just annoying. Between Whole Foods and random things from Amazon it could happen. Iirc there may even be some offers for non-Amazon stuff in there. I mainly have it set as a preferred pmt method in my Prime account. They did issue an auto CLI on the Flex about 6 or 7 months in last summer, but I was spending about 3k a month on that. Definitely can't accomplish that with a $1000 limit. I've got about $300 in mp3's I've gotta buy right now 😂
By heavy spend I just meant heavy in proportion to the limit.
Right. Makes perfect sense @SouthJamaica and @AverageJoesCredit . Never occurred to me. As long as I don't have to do the whole "making multiple payments per month" thing I'm good. I can hardly keep up with the sheer number of cards, that would just be asking for trouble.... not to mention more Grey hair.

The only CLI I ever got from Chase was achieved by taking a card with an 8k limit, on which I typically spent 200-300 monthly, and spending 2500 on it one month. A month or two later I got a 2500 auto CLI.

Re: Am I being greedy with Chase CLI?

805orbust — Mon, 14 Feb 2022 15:40:23 GMT

@SouthJamaica you think it's a timing issue? I've had that card since 2016 and have run it up to $1000 many times, and even let it report a few times since it immediately goes back to zero when you pay it off, and nothing.

They *do* seem to be giving out those increases more commonly nowadays, plus obviously my profile is in a different universe.

Re: Am I being greedy with Chase CLI?

SouthJamaica — Mon, 14 Feb 2022 21:58:13 GMT

@805orbust wrote:
@SouthJamaica you think it's a timing issue? I've had that card since 2016 and have run it up to $1000 many times, and even let it report a few times since it immediately goes back to zero when you pay it off, and nothing.

They *do* seem to be giving out those increases more commonly nowadays, plus obviously my profile is in a different universe.

I don't know what goes on in these peoples' minds

Re: Am I being greedy with Chase CLI?

FinStar — Mon, 14 Feb 2022 22:09:55 GMT

@805orbust wrote:
@SouthJamaica you think it's a timing issue? I've had that card since 2016 and have run it up to $1000 many times, and even let it report a few times since it immediately goes back to zero when you pay it off, and nothing.

They *do* seem to be giving out those increases more commonly nowadays, plus obviously my profile is in a different universe.

There's a lot of factors involved besides timing. Think internal behavioral scoring and performance metrics. So, a lot hinges on account performance, but there are other external elements at play, which can also include tranches. Also, the recent CLI waves can be due to a plethora of other factors for those specific accountholders and their profiles plus any internal marketing campaigns to spruce card usage.